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What is the Situation on the Currency Market?

What is the Situation on the Currency Market?

GEL exchange rate keeps falling trend against USD on the currency market.

Morning trade started at $1 / 2.4962 GEL index in the Bloomberg- trading system, Georgian national currency has been devaluated soon and the offer fell down at $1/2.5165 by12:20 p.m. (Tbilisi time).

GEL exchange rate has been decreased to the historical minimum against USD in the previous Friday and overstepped psychological 2, 50 level. The official agencies did not name the specific factors precipitating the last downfall of the national currency. However, the fundamental factor is trade balance deficit and negative expectation of the market.